Section 12.04.600. Quality review reporting requirements.

	(a)  To renew a permit to practice under AS 08.04.420 for a permit period beginning on or after January 1, 2000, a permit holder shall certify that the permit holder has met the quality review requirements of this section or that the permit holder is exempt under 12 AAC 04.620.  
	(b)  A permit holder shall indicate on the application for renewal whether the permit holder issued a report on audited or reviewed financial statements during the concluding permit period.  
	(c)  Except as provided in 12 AAC 04.620(b) and (e) of this section, a permit holder who issued a report on audited or reviewed financial statements during the concluding permit period shall  
		(1) certify that, within the three years before the date of application for permit renewal, the permit holder has undergone a quality review that is acceptable to the board under 12 AAC 04.610;  
		(2) certify that, during the concluding permit period, the permit holder has remained in good standing with the organization that administered the quality review; and  
		(3) submit, at the time of application for renewal, the most recent written acceptance report from the organization administering the quality review.  
	(d)  Repealed 11/2/2001.  
	(e)  If a permit holder meets all of the requirements for renewal of the permit except submission of the acceptance report required under (c)(3) of this section, the board will renew the permit if the permit holder signs a statement certifying that the permit holder will comply with the requirements of (f) of this section.  
	(f)  A permit holder whose permit to practice as a certified public accountant was renewed under (e) of this section shall submit the acceptance report required under (c)(3) of this section within 180 days after the permit was renewed. The documentation submitted under this subsection may not be used to satisfy the quality review reporting requirements for subsequent renewal of the permit.  

Authorities

08.04.070;08.04.426

Notes

Reference

12 AAC 04.189
12 AAC 04.440
12 AAC 04.620
12 AAC 04.630
12 AAC 04.690

Authority

AS 08.04.070 AS 08.04.426

History

Eff. 7/27/97, Register 143; am 11/2/2001, Register 160; am 10/16/2003, Register 168; am 12/25/2015, Register 216